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This key resistance level could spark a massive Bitcoin selloff

Bitcoin’s bulls have now propelled the cryptocurrency to the upper boundary of a strong multi-month channel, and they appear to be showing some signs of faltering as BTC struggles to break past this level.

This key resistance level could spark a massive Bitcoin selloff

Cover art/illustration via CryptoSlate

Bitcoin’s bulls have now propelled the cryptocurrency to the upper boundary of a strong multi-month channel, and they appear to be showing some signs of faltering as BTC struggles to break past this level.

It is important to note that the recent uptrend has significantly enhanced the cryptocurrency’s bullishness and has led some analysts to note that it could be on the cusp of another major rally to highs of $9,100.

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